"Transparency is a pivotal feature in the market-based monitoring of companies and is central to shareholders ability to exercise their ownership rights on an informed basis which can help attract capital and maintain co

CS Professional · Environmental, Social and Governance (ESG) Principles and Practice · PYQS · December 2024
"Transparency is a pivotal feature in the market-based monitoring of companies and is central to shareholders ability to exercise their ownership rights on an informed basis which can help attract capital and maintain confidence in the capital markets." Adequate disclosures by corporates are mandated under various legislations such as the Companies Act, 2013 and SEBI (LODR) Regulations, 2015. In this background, state the disclosure requirements in listed company's websites in respect of the following: Nomination and remuneration policy.

Answer & Explanation:

Company's Website Disclosures under the Companies Act, 2013 and the Rules made thereunder: (iii) Nomination and Remuneration Policy The Nomination and Remuneration Committee shall formulate the criteria and policy for determining qualifications, positive attributes and independence of a director. Provided that such policy shall be placed on the website of the company, if any, and the salient features of the policy and changes therein, if any, along with the web address of the policy, if any, shall be disclosed in the Board's Report. [Proviso to Section 178(4) of the Companies Act, 2013].

Topics: Corporate Governance, Company Law

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